Economic Knowledge Quiz
5 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What does an economy emphasize?

  • Material expressions of scarce resources
  • Technological evolution and history
  • Production, distribution, trade, and consumption of goods and services (correct)
  • Cultural practices and discourses
  • What are the main factors involved in a given economy?

  • Technological evolution, history, and education
  • Values, social organization, and technological evolution
  • Social organization, political structure, and legal systems
  • Culture, values, education, and natural resources (correct)
  • Who can be economic agents?

  • Individuals, businesses, organizations, and governments (correct)
  • Political parties and religious organizations
  • Cultural groups and educational institutions
  • Non-governmental organizations and international unions
  • When do economic transactions occur?

    <p>When two groups or parties agree to the value or price of the transacted good or service</p> Signup and view all the answers

    What is the economic domain?

    <p>A social domain of interrelated human practices and transactions</p> Signup and view all the answers

    More Like This

    Economics Knowledge Challenge Quiz
    10 questions
    General Knowledge Quiz 1950-1990
    17 questions
    Use Quizgecko on...
    Browser
    Browser